Resilient shores – Risks and opportunities for Vietnam’s coastal development
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In a country that is among the most exposed to natural hazards,In the coming years, these disaster risks are bound to increase with rapid urbanization, economic growth, and climate change. Yet despite these risks,
Resilient Shores, a new report jointly developed by the government of Vietnam, the World Bank, and the Global Facility for Disaster Reduction and Recovery (GFDRR) offers a systematic analysis of disaster risks, and sets out an action plan for boosting resilient coastal development.
Increasing natural risks to coastal communities
The risks to people are substantial. The report shows that around 12 million people in coastal provinces are at risk of intense flooding, and over 35 percent of settlements are located on eroding coastlines. As safe places are increasingly occupied, new developments concentrate in areas where flood risks are twice as high as in established urban areas.
Natural hazards also cause significant damage to key economic sectors and public services. Each year, about $852 million (0.5 percent of national GDP) and 316,000 jobs in the agriculture, aquaculture, tourism, and manufacturing sectors are at direct risk from flooding. Coastal tourism is heavily reliant on intact beaches and ecosystems, but 42 percent of coastal hotels are estimated to be located near eroding beaches. Nationally about half of the health care facilities are in high-risk flood zones, in some provinces it is nearly all of them.. The resulting power outages disrupt production and lower equipment utilization rates.